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General Motors Executives 2009 - 2010

General motors executives 2009 2010 - updated 061010

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Page 1: General motors executives 2009 2010 - updated 061010

General Motors Executives2009 - 2010

Page 2: General motors executives 2009 2010 - updated 061010

2009 2010

Chief Executive OfficersRick Wagoner

June 2001 – March 2009Ed Whitacre

December 2009 – PresentFritz Henderson

March – December 2009

Bankruptcy

Page 3: General motors executives 2009 2010 - updated 061010

2009 2010

Ed Whitacre

December 1: interim CEOJanuary 25: Chairman & CEO

July 10: Chairman of New GM

Bankruptcy

Ed Whitacre was hand picked to chair GM’s board after bankruptcy by Steven Rattner, head of the US Treasury Dept Automotive Task Force. Whitacre is former chairman and CEO of AT&T, and predecessor Southwestern Bell, where he built the smallest ‘Baby Bell’ into the world’s largest telecommunications company.

He’s implemented radical shakeups in upper management at GM, changing structural organization and personnel. There have been at least 30 managers hired, fired, or reassigned since Whitacre took office last year. His tough, hands-on approach is giving GM exactly what the Treasury asked for: change.

Page 4: General motors executives 2009 2010 - updated 061010

2009 2010

Fritz HendersonContinuing the legacy of Rick Wagoner and the GM survival plan laid out before Congress leading up to GM’s bankruptcy, Henderson led the charge to sell GM’s European unit Opel/Vauxhall. New GM emerged from bankruptcy in July ‘09 with a shuffled boardroom rejecting that strategy. In Nov. ‘09 the New GM board deemed Opel more asset than liability, announcing the division would not be sold. Later in Nov. the Saab sale to Koenigsegg collapsed, sealing Henderson’s fate. The new board asked Henderson to resign shortly thereafter, leaving the company’s helm to new-hire and Chairman, Ed Whitacre.

March 29: CEO

December 1: ResignedPresident and COO

February: Hired as consultant, GM International Operations

Bankruptcy

Page 5: General motors executives 2009 2010 - updated 061010

2009 2010

Rick Wagoner

June 2000: CEOMay 2003 - March 2009: Chairman and CEO

Bankruptcy

GM went from peak sales volume to imminent bankruptcy during Wagoner’s tenure at the head of the company. The U.S. Treasury’s Automotive Task Force demanded Wagoner’s resignation as a condition of financial aid for GM. At the time of Wagoner’s departure, GM had requested $26 billion in federal aid, half the amount GM would eventually receive.

Among key decisions that lead to GM’s ultimate bankruptcy, Wagoner’s regime bet –and lost– heavily on large trucks and SUVs. Wagoner had been CEO for nearly nine years and at GM for more than 30.

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2009 2010

Chief Marketing OfficersMark LaNeve

Old GMJoel Ewanick

May 2010 – PresentSusan Docherty

December 2009 – May 2010

Bankruptcy

Bob LutzJuly – December 2009

Page 7: General motors executives 2009 2010 - updated 061010

2009 2010

Joel EwanickGeneral Motors swept aside marketing chief Susan Docherty to make way for the arrival of Joel Ewanick, the marketing whiz who helped Hyundai soar to new heights– notably, he implemented the Assurance program. Ewanick's appointment, however, was a stunner. Nissan had just stolen Ewanick away from Hyundai in March 2010, but obviously his feet had barely touched ground on Nissan soil -- if at all -- when GM made its move. One of Ewanick’s first moves was to hire ad agency Goodby, Silverstein & Partners, cancelling a month-old agreement with Chevrolet’s ad agency Publicis Worldwide, which a month-prior had de-throned 91 year incumbent Campbell-Ewald.

May: VP, US Marketing

Bankruptcy

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2009 2010

Susan DochertyDocherty’s short tenure as chief of marketing ended on May 5 with the announcement that Joel Ewanick had been scalped from Nissan to lead GM’s marketing efforts. Last Fall she was given a VP title and responsibility for US Sales– a job taken over six months later by new GM North America president Mark Reuss. She landed a job in China on May 24 as part of GM’s international team, replacing Don Johnson who was left with no assignment.

June 2008: General Manager, Buick-Pontiac-GMC

Bankruptcy

Oct 2009: VP, US Sales

December 2009: VP, US Sales, Service & Marketing

March 2010: VP,US Marketing

May 2010: VP, ???

June 10: VP, International Operations Sales,

Marketing & Aftersales

Page 9: General motors executives 2009 2010 - updated 061010

2009 2010

Bob Lutz2005 – April 2009: Vice Chairman, Global Product Development

April 2009: Sr. Advisor, Global Design & Key Product Initiatives. Announces retirement at end of year.

July 23, 2009: Vice Chairman, Marketing & Comm. Agrees to stay at New GM beyond 2009.

December 2009: Vice Chairman, Advisor on Design & Global Product Development

May 2010: Retirement…

Bankruptcy

Page 10: General motors executives 2009 2010 - updated 061010

2009 2010

Mark LaNeveMark LaNeve headed up sales and marketing for General Motors until the company went insolvent. LaNeve was stripped of his marketing and service duties as the New GM emerged from bankruptcy, a sign of times to come for incumbent executives. In October LaNeve announced his departure from GM and the auto industry, having landed the chief marketing job at insurance company Allstate Corp.

VP, US Sales, Service & Marketing

Bankruptcy

July 10: VP, US SalesOctober 15: Resigned

Page 11: General motors executives 2009 2010 - updated 061010

2009 2010

Chief Sales OfficersMark LaNeve

2005 – October 2009Mark Reuss

March 2010 – PresentSusan Docherty

October 2009 – March 2010

Bankruptcy

Page 12: General motors executives 2009 2010 - updated 061010

2009 2010

Mark ReussMark Reuss began his career at GM in 1983 as a student intern, having moved up the ranks to North American President in December 2009. After three months as president, Reuss implemented one of GMs most disruptive management restructurings since bankruptcy, eliminating brand general managers and taking direct control of sales.

Bankruptcy

December 2009: President of GM North America

October 2009: VP Global Vehicle Engineering

March 2010: Takes over US sales in management shakeup

President & Managing Director, GM Holden

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2009 2010

Susan DochertyDocherty inherited GMs sales administration with the resignation of Mark LaNeve from the position. Her short tenure as chief of sales would see also see the gain and loss of marketing and service duties during subsequent management restructurings. She landed a job in China on May 24 as part of GM’s international team, replacing Don Johnson who was left with no assignment.

Bankruptcy

June 2008: General Manager, Buick-Pontiac-GMC

Oct 2009: VP, US Sales

December 2009: VP, US Sales, Service & Marketing

March 2010: VP,US Marketing

May 2010: VP, ???

June 10: VP, International Operations Sales,

Marketing & Aftersales

Page 14: General motors executives 2009 2010 - updated 061010

2009 2010

Mark LaNeveMark LaNeve headed up sales and marketing for General Motors until the company went insolvent. LaNeve was stripped of his marketing and service duties as the New GM emerged from bankruptcy, a sign of times to come for incumbent executives. In October LaNeve announced his departure from GM and the auto industry, having landed the chief marketing job at insurance company Allstate Corp.

VP, US Sales, Service & Marketing

Bankruptcy

July 10: VP, US SalesOctober 15: Resigned

Page 15: General motors executives 2009 2010 - updated 061010

• Ten Board members have resigned since December 2008, including five Board members that were elected in the 1990s.

• Steven Rattner, former head of the government’s automotive task force, asked former CEO Rick Wagoner to cede his job to Henderson and named Kresa interim chairman in March 2009 after GM had burned through $34 billion in cash over five quarters.

• Only five of the 13 current Board members were on the Old GM Board; the two longest-standing members, Kent Kresa and Philip Laskawy, joined the Board in 2003. Kresa served as interim Chairman for three months following the resignation of Rick Wagoner.

• Five of New GM’s 7 board members that were added in July 2009, including Ed Whitacre, were picked by Obama administration auto task force leaders Steven Rattner, Harry J. Wilson and Ron Bloom.

• Both executives on the current Board, Ed Whitacre and Stephen Girsky, joined the board as non-executives.

Board of Directors:Facts

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2009 2010

Board of Directors:Post Bankruptcy Additions

Bankruptcy

Ed WhitacreChief Executive Officer Robert Krebs

David Bonderman Carol StephensonStephen GirskyVice Chairman,

Corporate Strategy and Business Development

Daniel Akerson Patricia Russo

Cynthia Telles, Ph.D.

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2009 2010

Board of Directors:Pre Bankruptcy Holdovers

Bankruptcy

E. Neville Isdellnon-executive

Kathryn Marinellonon-executive

Errol Davis, Jr.non-executive

Philip Laskawynon-executive

Kent Kresanon-executive

Joined Board in 2003 Joined Board in 2007 Joined Board in 2008

Page 18: General motors executives 2009 2010 - updated 061010

2009 2010

Board of Directors:Retired

Bankruptcy

Percy Barnevik1996 - Feb. 2009

Ellen J. Kullman2004 - Dec. 2008

Rick Wagoner2001 – Mar. 2009 Fritz

Henderson2006 - 2009

Armando Codina2002 - 2009

George Fisher1996 - 2009

John H. Bryan1993 - 2009

Karen Katen1997 - 2009

Eckhard Pfeiffer1996 - 2009

Erskine Bowles2005 - 2009

Page 19: General motors executives 2009 2010 - updated 061010

2009 2010

Chairman of the BoardRick Wagoner

June 2001 – March 2009Ed Whitacre

July 2009 – PresentKent Kresa

March – July 2009Interim Non-Executive Chairman

Bankruptcy

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2009 2010

Ed Whitacre

December 1: interim CEOJanuary 25: Chairman & CEO

July 10: Chairman of New GM

Bankruptcy

Ed Whitacre joined GM as the third non-executive to lead the board since 1937. The other two were interim Chairman Kent Kresa (2009), and John Smale (1992-1995).

Page 21: General motors executives 2009 2010 - updated 061010

2009 2010

Stephen Girsky

January 25, 2010: Vice Chairman, Corporate Strategy and Business Development

Bankruptcy

Stephen Girsky was picked by the United Auto Workers as the sole Board representative for the UAW retiree medical trust, which owns 17.5 percent of GM and had the right to name one director. Girsky is a former Wall Street analyst following the auto industry, and he helped GM negotiate the attempted sale of Saturn to Penske Automotive Group.

July 10, 2009: Board of Directors for New GM